ASHTABULA COUNTY MEDICAL CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1902

Legal Domicile

Principal Officer

LEONARD STEPP

Phone

4409972262

Tax Period

2023-01-01 to 2023-12-31

ASHTABULA COUNTY MEDICAL CENTER, founded in 1902, is a major nonprofit in the Health Care sector that reported $184.8M in total revenue in fiscal year 2023. Expenses of $173.8M left a modest 6% surplus.

Mission

ASHTABULA COUNTY MEDICAL CENTER PROVIDES QUALITY HEALTHCARE TO POSITIVELY IMPACT THE HEALTH OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $128,619,193 Revenue: $177,874,277

ASHTABULA COUNTY MEDICAL CENTER (ACMC) IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-ORIENTED MEDICAL CENTER THAT PROVIDES THE BEST POSSIBLE MEDICAL CARE THROUGH ALL PHASES OF LIFE TO THOSE SEEKING HELP...

ASHTABULA COUNTY MEDICAL CENTER (ACMC) IS A PRIVATE, NOT-FOR-PROFIT, COMMUNITY-ORIENTED MEDICAL CENTER THAT PROVIDES THE BEST POSSIBLE MEDICAL CARE THROUGH ALL PHASES OF LIFE TO THOSE SEEKING HELP. IN 2023 WE MET OUR MISSION OF MEETING OUR COMMUNITY'S HEALTH CARE NEEDS AS EVIDENCED BY APPROXIMATELY 27,584 EMERGENCY DEPARTMENT VISITS, 4,943 INPATIENT DISCHARGES, 8,222 SURGICAL PROCEDURES (INCLUDING ENDOSCOPY), 0 BIRTHS, 75,149 RADIOLOGY PROCEDURES, AND 272,101 OUTPATIENT PROVIDER ENCOUNTERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,790

Program Service Revenue $177,874,277

Investment Income $6,082,350

Other Revenue $751,380

TOTAL REVENUE $184,843,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,147,240

Fundraising Expenses $0

Program Expenses $128,619,193

Other Expenses $90,617,700

TOTAL EXPENSES $173,764,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,843,797	$178,995,250	+0.0%
Expenses	$173,764,940	$169,197,613	+0.0%
Net Income	$11,078,857	$9,797,637	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1153

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$2,995,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD STEPP	PRESIDENT/CEO	40.00	Officer Director	$0	$0	$0
DANIEL KEATON MD	CHIEF OF STAFF (STARTING APRIL 2023)	60.00	Director	$319,410	$31,843	$351,253
DAVID NOVAK MD	VICE-CHIEF OF STAFF(STARTING MAY 2023)	60.00	Director	$713,784	$54,223	$768,007
NANCY KISTER	CHAIRPERSON	0.30	Officer Director	$0	$0	$0
CRAIG SERNIK	VICE CHAIRPERSON	0.30	Officer Director	$0	$0	$0
ROGER CORLETT	SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
PEG CARLO	BOARD MEMBER	0.30	Director	$0	$0	$0
JOE GIANGOLA	BOARD MEMBER	0.30	Director	$0	$0	$0
REV VERNON PALO	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVID PONTIUS	BOARD MEMBER	0.30	Director	$0	$0	$0
MARLENE SARTINI	BOARD MEMBER	0.30	Director	$0	$0	$0
JIM TIMONERE	BOARD MEMBER	0.30	Director	$0	$0	$0
RICHARD PARKER MD	BOARD MEMBER/CCF REPRESENT	0.30	Director	$0	$0	$0
KELLY HANCOCK	BOARD MEMBER/CCF REPRESENT	0.30	Director	$0	$0	$0
JASON HERGENROEDER	BOARD MEMBER/CCF REPRESENT	0.30	Director	$0	$0	$0
ALEXANDER TAICH MD	CHIEF OF STAFF (LEFT APRIL 2023)	60.00	Director	$1,529,857	$54,223	$1,584,080
EVANGELOS J BIBIDAKIS	VICE CHIEF OF STAFF (LEFT MAY 2023)	60.00	Director	$266,423	$25,762	$292,185
ALANNA DAMES	VP FINANCE/CFO (STARTING MAY 2023)	40.00	Officer	$0	$0	$0
AMANDA CLARK	CNO	40.00	Officer	$0	$0	$0
NATHANIEL S FRANLEY MD	PHYSICIAN	60.00	Highest	$806,961	$35,847	$842,808
JOHN LEE	PHYSICIAN	60.00	Highest	$872,755	$52,173	$924,928
SHINOJ PATTALI JAYAVALSAN MD	PHYSICIAN	60.00	Highest	$902,754	$45,984	$948,738
PAZHANIAANDI TIROUNILACANDIN MD	PHYSICIAN	60.00	Highest	$715,982	$49,545	$765,527
SATHISH V ADIGOPULA	PHYSICIAN	60.00	Highest	$842,716	$51,173	$893,889

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$184,843,797	$173,764,940	$294,705,342	$11,078,857
2022	$178,995,250	$169,197,613	$274,103,659	$9,797,637
2021	$174,056,236	$168,789,460	$214,087,858	$5,266,776
2020	$158,791,321	$160,050,722	$199,172,517	$-1,259,401
2019	$166,644,074	$159,457,853	$166,897,449	$7,186,221
2018	$157,910,147	$147,087,833	$147,662,470	$10,822,314